Gaudy Kinkuhaire's Group


Status: Paying Back

$1,500.00   Loan Amount
40% repaid

About the Group

Group Name: Gaudy Kinkuhaire's Group
Group Members: Gaudy Kinkuhaire
Monic Tumwesigye
Leonia Kyokushaba
Stuart Natukunda
Sakina Nakajubi
Julius Tumuramye
Rosete Naampa
Deus Mugisha
Nalongo Kwesheshereza
Enid Matsiko
Abas Mpagi
Abiaz Kibonge
Teopista Ahimbisibwe
Posiano Nuwagaba
Location: Bushenyi, Uganda
Activity: General Store

About the Loan

Loan Amount: $1,500.00
Loan Use: Restocking her retail shop with more goods for increased profitability
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 24, 2009
Date Disbursed: Aug 18, 2009
Date Funded:Aug 24, 2009

About the Country

Country:Uganda
Avg Annual Income:$1,700.00
Currency:Uganda Shillings (UGX)
Exchange Rate:2,082.5000 UGX = 1 USD



Gaudy is a 42 year old woman who is married with four children, ages 16 to 5 years old, and she cares for one orphan. She is a hard working and friendly lady with a retail shop as her business for three years in Kabatura Nyabubare County. Although there is a lot of competition, she is able to make 150,000/= as profits per week because of her good customer care approach. She is happy about her shop since it has provided for her family. In the future, Gaudy would like to turn her shop into a wholesale shop, as well as see all her children through school. She would like a loan to help increase the stock of goods in her shop ,so that she can make more profits.



About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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Journal entries for Gaudy Kinkuhaire's Group


Loan has been disbursed
 
Entrepreneur: Gaudy Kinkuhaire's Group
Location: Bushenyi, Uganda

Thank you for your loan. It has been disbursed to Gaudy Kinkuhaire's Group, consisting of Gaudy Kinkuhaire, Monic Tumwesigye, Leonia Kyokushaba, Stuart Natukunda, Sakina Nakajubi, Julius Tumuramye, Rosete Naampa, Deus Mugisha, Nalongo Kwesheshereza, Enid Matsiko, Abas Mpagi, Abiaz Kibonge, Teopista Ahimbisibwe, Posiano Nuwagaba by Pearl Microfinance Limited in Uganda. We are excited to watch this business grow. Over the 4 months of this loan, Pearl Microfinance Limited will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Bushenyi, Uganda
Aug 25, 2009
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Kiva Help Repayment Schedule for Gaudy Kinkuhaire's Group

  Expected Repayments Actual Repayments Comments
November 2009 $300.00 $300.00 Repayment Received
December 2009 $300.00 $300.00 Repayment Received
January 2010 $300.00 Available Jan 1  
February 2010 $300.00 Available Feb 1  
March 2010 $300.00 Available Mar 1